$BNB

/USDT Technical Analysis & Trade Signal🚀🎯

Current Price: $623.86 (-4.35%)

Trend: Short-term bearish, medium-term consolidating

Key Technical Levels

1. Resistance Levels:

First Resistance (R1): $634 (Upper Bollinger Band)

Second Resistance (R2): $645 (recent supply zone)

Third Resistance (R3): $659.70 (24h high, psychological barrier)

2. Support Levels:

First Support (S1): $611.14 (SAR level, critical for trend reversal)

Second Support (S2): $610 (24h low, key horizontal support)

Third Support (S3): $600 (psychological level, strong demand zone)

Trade Momentum

Momentum: Bearish to neutral

The price is testing key supports near $611, indicating potential for a short-term bounce if buying pressure emerges. However, failure to hold $610 could lead to further downside.

Trade Signal

Entry Point:

Long: Enter near $611-$615 (SAR support) if price shows bullish candles.

Short: Below $610, targeting $600-$605 range.

Stop-Loss:

Long: Set SL below $608.

Short: Set SL above $620.

Target Levels 🎯:

Target 1 (T1): $634

Target 2 (T2): $645

Target 3 (T3): $659

Indicators Summary

1. Bollinger Bands: Price near middle band, downward pressure toward $612.

2. SAR: $611.14 is critical to maintaining the uptrend potential.

3. Volume: High trading volume suggests strong interest, but sellers dominate short-term.

Action Plan

Bullish Case: Hold above $611 confirms support and signals a rebound toward $634+.

Bearish Case: A break below $610 targets $600.

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